Ajod Insurance Collects Rs 122.66 Crores In Total Premium [Q3 Report]
May 11, 2022 | Investopaper
Ajod Insurance Company Limited (AIL) has collected a total premium of Rs. 122.66 crores in the first nine months of the current fiscal year 2078/79. This is 19 percent higher than the corresponding period of the previous fiscal year. Likewise, the net premium has grown by 21 percent to Rs. 36.31 crores.
With the rise in premium, the net profit of the company has increased by 54 percent to Rs. 9.41 crores. Last year, such profit stood at Rs. 6.11 crores during the same period.
As of Chaitra’s end 2078 BS, AIL has a paid-up capital of Rs 100 crores with Rs 13.95 crores as reserves and surplus. Likewise, the insurance fund stood at Rs 15.92 crores. The company has a investment portfolio (short term & long term investments) of Rs 168.49 crores.
The unaudited third quarterly report is summarized in the table below:
Ajod Insurance Limited (AIL): Q3 Report Summary, FY 2078/79
| Financial Indicators | Q3, F.Y. 2078/79 | Q3, F.Y. 2077/78 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 100 | 100 | 0.00 |
| Reserve & Surplus (Rs. ‘crores’) | 13.95 | 7.55 | 84.77 |
| Insurance Fund (Rs. ‘crores’) | 15.92 | 9.29 | 71.37 |
| Total Investments (Rs. ‘crores’) | 168.49 | 149.51 | 12.69 |
| Total Premium (Rs. ‘crores’) | 122.66 | 102.41 | 19.77 |
| Net Premium (Rs. ‘crores’) | 36.31 | 29.9 | 21.44 |
| Net Claim (Rs. ‘crores’) | 18.21 | 14.35 | 26.90 |
| Total Outstanding Claim (Rs. ‘crores’) | 105.42 | 43.93 | 139.97 |
| Net Profit (Rs. ‘crores’) | 9.41 | 6.11 | 54.01 |
| Management Expenses (Rs. ‘crores’) | 19.37 | 14.31 | 35.36 |
| Number Of Policies | 96,749 | 105,090 | -7.94 |
| Earnings Per Share (Rs.) | 12.55 | ||
| Net-worth Per Share (Rs.) | 131.18 | ||
| Market Price Per Share (Rs.) [Chaitra end, 2078 BS] | 667 | ||
| P/E Ratio | 53.15 |
Source: Unaudited Q3 Report, FY 2078/79
Note:
The above figures are based on the unaudited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
The share price, as well as the P/E ratio, is based on the data of Chaitra’s end, 2078 BS. At current, the numbers may vary.
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